Choice probabilities and equilibrium conditions in a matching market with flexible contracts
Working paper
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Date
1993-08Metadata
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- Discussion Papers [1002]
Abstract
The purpose of the paper is to develop discrete and continuous probabilistic choice models for a matching market of heterogeneous suppliers and demanders. The point of departure is similar to that of Tinbergen (1956) which considers equilibrium conditions in a matching market with a particular continuous distribution of preferences and attributes of the agents. The present paper extends Tinbergen's analysis to allow for rather general specifications of the preferences and the distribution of agent-specific attributes.